Does the Marine Corps pay for your college if you are accepted into the MECEP program?

I am looking into joining the Marines and trying my hand at the MECEP program. If selected, does the military pay for your full tuition and room and board, much like an NROTC scholarship, or are you required to pay for the tuition and other expenses yourself using student loans or the GI bill? I would like to attend Penn State University if accepted into the program, but with PSU being the most expensive public school in the US, I would be unable to attend if the military does not cover the cost of the school.

The Corps does pay for the school and you get you regular pay while you are there also. But I think you dont get to choose the school. I beleive you only get a wish list.